32 Quotes by Elvis Picardo

We have seen selling into strength and that pattern has not changed in the last few weeks.

People are still paying a lot of attention to the data. I would not say investors are being bearish. But they are taking profits when they can.

Despite whatever has happened, investors are still in the mood for a bargain.

This has been a fairly volatile month for the TSX, and today is no exception.

It's a sweet-spot theory. We have economic growth that's very robust, but at the same time it's not strong enough to raise concerns about inflation.

It's a little disappointing to see a down day on the last trading day of the year. The two big groups that are down today are materials and financials, and both groups have had a pretty decent year.

That is a factor that has helped sentiment today. Canada is a prime target for many overseas buyers because we are so strong in energy and commodities, and the valuations are definitely lower than the U.S.

It seemed optimistic to begin with. The fact that the gains have not been sustainable is not encouraging.

It was another day of wait and see. Nortel reiterated its guidance for the Canadian market. But the market is clearly looking for leadership.